StockNews.com Initiates Coverage on The InterGroup (NASDAQ:INTG)

StockNews.com started coverage on shares of The InterGroup (NASDAQ:INTG) in a research note released on Friday. The brokerage issued a hold rating on the financial services provider’s stock.

The InterGroup Stock Performance

NASDAQ:INTG opened at $14.06 on Friday. The company has a market cap of $30.48 million, a price-to-earnings ratio of -3.51 and a beta of 0.28. The stock’s fifty day moving average price is $14.41 and its two-hundred day moving average price is $17.63. The InterGroup has a 52-week low of $13.10 and a 52-week high of $26.68.

The InterGroup (NASDAQ:INTG) last issued its quarterly earnings results on Monday, September 30th. The financial services provider reported ($1.70) earnings per share (EPS) for the quarter. The firm had revenue of $13.43 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC boosted its stake in The InterGroup Co. (NASDAQ:INTG) by 3.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 341,990 shares of the financial services provider’s stock after purchasing an additional 11,302 shares during the quarter. PFG Investments LLC owned about 15.64% of The InterGroup worth $5,280,000 as of its most recent SEC filing. Institutional investors own 3.36% of the company’s stock.

The InterGroup Company Profile

The InterGroup Corporation, through its subsidiaries, operates a hotel under the Hilton San Francisco Financial District name located in San Francisco, California. The company operates through three segments: Hotel Operations, Real Estate Operations, and Investment Transactions. Its hotel consists of guest rooms and luxury suites, a restaurant, a lounge, a private dining room, meeting room space, a gym, a grand ballroom, 5-level underground parking garage, a pedestrian bridge, and a Chinese culture center.